Summary: Empresa Nacional de Telecomunicaciones S.A. (ENTEL) Sep 09
Standard & Poors, September 2009
Abstract
The ratings on Empresa Nacional de Telecomunicaciones S.A. (ENTEL) reflect its good competitive position as a leading, integrated telecommunications provider in Chile, efficient operations, relatively stable cash flow generation, and strong debt service coverage ratios. These factors are partially offset by high competitive pressures in all market segments, which oblige ENTEL to continually improve its overall efficiency levels. In addition, ENTEL's cash-flow generation is still concentrated on the Chilean market, which, however, is strong and one of the most stable markets in Latin America. ENTEL is a leading telecommunications company in Chile and is one of the two largest mobile providers in the country, with about 40% market share and almost 6 million subscribers as of June 2009, which was...
Companies mentioned in this report are: Empresa Nacional de Telecomunicaciones S.A. (ENTEL)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Empresa Nacional de Telecomunicaciones S.A. (ENTEL)
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